Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,982 shares of the basic materials company’s stock, valued at approximately $1,592,000.
Several other institutional investors also recently bought and sold shares of PAAS. NFJ Investment Group LLC purchased a new position in Pan American Silver during the second quarter valued at approximately $25,000. Fifth Third Bancorp boosted its position in Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Danske Bank A S purchased a new stake in Pan American Silver in the 2nd quarter worth approximately $30,000. Paladin Partners LLC purchased a new stake in Pan American Silver in the 2nd quarter worth approximately $40,000. Finally, Archer Investment Corp acquired a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $43,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PAAS. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.71.
Check Out Our Latest Report on PAAS
Pan American Silver Price Performance
Shares of Pan American Silver stock opened at $43.82 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a twelve month low of $33.08 and a twelve month high of $69.99. The business has a 50-day moving average price of $49.07 and a 200 day moving average price of $50.20. The firm has a market cap of $18.13 billion, a PE ratio of 13.24, a P/E/G ratio of 4.17 and a beta of 0.75.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Sell-side analysts predict that Pan American Silver Corp. will post 3.80 earnings per share for the current fiscal year.
Pan American Silver Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were given a C$0.18 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 22.36%.
Pan American Silver Profile
Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.
Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.
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